Russia just slapped a big “undesirable” label on WhiteBIT crypto exchange, essentially kicking the platform out of the country because of its outspoken support for Ukraine’s military efforts.
The Russian Prosecutor General’s Office pointed fingers at the crypto exchange, claiming it funneled financial and technical help to Ukraine-linked causes, including fundraising drives directly tied to the Armed Forces of Ukraine.
What does this “undesirable” label on WhiteBIT crypto exchange mean?
Under Russia’s rules on “undesirable organizations,” that tag means the WhiteBIT crypto exchange has to shut down all operations there immediately or face serious heat. Anyone caught working with or supporting the platform risks hefty fines or even jail time.
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Russian officials went further, alleging that WhiteBIT crypto exchange’s leadership moved around $11 million in 2022 toward Ukrainian defense projects, with some cash supposedly going straight to buying drones.
They also accused the exchange of helping with shady “gray” schemes to sneak funds out of Russia. Interestingly, that $11 million number lines up pretty closely with what WhiteBIT crypto exchange has openly shared on its own site about its charitable giving since the war kicked off.
Headquartered in Lithuania but with Ukrainian roots, WhiteBIT crypto exchange has never hidden its stance that they proudly back Ukraine.
The platform has confirmed providing tech support for United24, the crypto fundraising initiative backed by President Zelenskyy, aimed at humanitarian aid and defense needs.
This is the latest of the crypto sanctions and escalating tensions tied to the Ukraine conflict. Just last year, Ukraine hit back with its sanctions wave, blacklisting dozens of Russian entities and people involved in dodging restrictions and funding military ops.
WhiteBIT crypto exchange keeps charging ahead globally
Late last year, it made waves with a full U.S. launch, complete with a splashy marketing push lighting up New York’s Times Square. That bold step highlights its push into one of the world’s biggest markets.
The exchange has been expanding to Australia, Argentina, and Brazil throughout 2025, showing no signs of slowing its international growth.
In the evolving crypto space, WhiteBIT stands out as a platform that’s not afraid to take a stand.
